Where some people see problems successful people see only opportunities and this is a wonderful one for OneCoin.

They can announce that from now on all affiliate sales commissions will no longer be paid in fiat currency which only loses worth but rather in the one currency that always and only appreciates in value, OneCoin.

And because the coins OneCoin pays their affiliates with will see such a reliable increase, not only in worth but also utility they can spin this as giving everyone a “raise” in pay.

All the big hitters, from Juha Parhiala to the Steinkellers all the way down to Ken Labine will tell everyone how THRILLED they would be with such a development, at least until they go find some other fiat currency transfer scheme to promote.

Top OneCoin investors had been telling their downlines to expect an update by the end of the week, but as of yet nothing has materialized.

this is a conversation on muhammad zafar’s FB page last evening:

– Dear Dr Zafar, I have an URGENT question, the answer might be relevant for many more OneLife members. Some people in my downline want to buy Infinity and Premium packages BEFORE the supersplit. To whom and which bank account can they transfer the money, how will this new payment system work? Thanks in advance.

– this type of problems i also facing day by day…

Muhammad Zafar: Company is working on a new payment system. Details soon.

also, through all the problems in onecoin, from no payouts at the exchange to banks shutting down accounts, there is not a squeak from the new CEO pablo munoz.

one of the last few weekly corporate webinars mentioned he was in hongkong working with the hongkong onecoin head fernando rhys – but with anything related to onecoin, only seeing is believing!

this is the full explanation from revex about why they wont be listing onecoin/xcoinx:

Onecoin & XCoinX WON’T be listed on Revex.co – We only support Real and Transparent Cryptocurrencies and Exchanges!

Due to suspicios user voting activity and the lack of information in the crypto world; unavailable at Coinmarketcap and not possible to trade at any other exchange then their own, we won’t be listing OneCoin and their exchange XCoinx on RevEx.co

There will be a REPORT that comes out in the next few days which is SO DAMAGING that it will go ABSOLUTELY BONKERS VIRAL!

We can thank EVERYONE here and abroad for this coming REPORT, however, NO ONE’S Individual names or affiliations are tied to it. It is coming from a TRUE THIRD PARTY which NONE OF US are either directly attached to, or not directly attached to.

MISSION CRITICAL!
This is NOT some “Angelina Lazar” like “update/ INVESTIGATIVE REPORT.”

It will be the TOTALITY of everything Oz and EVERYONE, both here and abroad have contributed to on the subject. IT WILL BE THE “DEATH KNOLL.”

Our Mission, if we are to accept it, will be to make the REPORT go “viral.”

I’m talking PUSHING IT to both Mainstream Media AND Authorities.

The TOTALITY of what I predict will come out in the coming days (2 weeks MAX) is the culmination of dozens, MAYBE HUNDREDS of hard-core journalists,dependent investigators (both known and unknown), and absolute DAMNING PROOF of what so many of us have contributed to evidencing.

Oz and BMLM were on this case SOOOO early on! There were MANY predecessors who built the foundations and SOURCE MATERIAL for what I believe is coming out sooooon (no pun intended).

There is NO SINGLE HERO in this fight, but MANY HEROES who have fought against this EVIL and have contributed significant pieces to this puzzle.

IT IS NOT OVER JUST YET, BUT THE COLLAPSE WILL BE “OBVIOUS” WITHIN A FEW DAYS OR MAXIMUM TWO WEEKS (IMHO)

ANYONE HERE who has been “gathering” information: NAMES, CONTACT INFO OF SCAMMERS, screen shots, hypothesis, facts, data, web links (imgur, Pinterest, personal files, personal downloads, documents, “inside information,” etc….) PLEASE begin to ORGANIZE (label, time stamp, etc.) and begin to have this information or data which you [or friends] have contributed….)… And make it “handy.”

IF THE GOAL IS TO STOP THIS “TREND,” than begin to “organize” those files….

…because ….#WinterIsComing and #BankAccountsHaveFrozen

All I want to say is THIS: if we can figure out how to CUMULATE the information that many of us have (of course, MUCH of it has already been shared within the threads of BMLM [thank you Oz for the invaluable and unprecedented attention and tireless reporting on this and so many other schemes] , than THIS INFORMATION OF OURS can be “DUMPED” very SOON into the information bins of those who can use it BEST

Myself and others (many) have been accumulating the “Hall of Shame.”

@Anjali & K. Chang have probably MUCH DEEPER “files” on “Criminal Culprits,” such as Tom McMurrain.

Myself and others have DEEP FILES on Ken Labine, Joby Boughey, and the other MOST PROMINENT SCAMMERS in this organization.

I understand I am not purchasing an investment of any kind. I understand this is solely for the purchase of an education package(s).

I understand that I am NOT ALLOWED to use the words : One Coin, Bit Coin, Digital, Crypto, Currency , Investment on ANY section of my purchase process or my money will be rejected.

I acknowledge that doing so may cause my purchase to be rejected and my funds may be returned to me. I agree to leave all fields blank under the notes and description/name section of my purchase process when submitting: a bank wire, an ACH, or deposit at a branch.

I understand I am not required to state anything so there’s no reason to state unnecessary details. If I do have to state the purpose of my purchase or transaction I will just state “Education Course”.

If I am asked by any bank employee what the purpose of my transaction is, I will be truthful and tell them that I am purchasing education materials.

If I violate any of these conditions I understand that I will not be allowed to utilize this domestic purchase system any longer.

Tick the box to confirm that you have read and agreed to the above conditions. YES I have reviewed all information submitted in this form and agree that all information is correct.

I understand that all communication will be sent to the email address I have provided and I should check my email regularly for updates and information.

Just adding a datapoint to the US2Moon angle, the name Herve Lacorne and his Trade Solutions Group, they are the registered contact for us2moon dot com.

Here is a video of Mr. Lacorne being interviewed last year in Singapore by none other than Chris Principe:

youtu.be/GDIqSMnLZRE

I am still unsure what to make of this other than the fact that it’s tied in, as WhistleBlowerFin pointed out, to an address with multiple MSBs registered to it and at least one of which has provided sorta white label serves to the failed ponzi scheme Integrity Assets Group.

@GlimDropper – interesting and makes perfect sense. Chris Principe ala “Financial IT” connections are the only MSB (Money Services Business) connections left. And they may be pretty vast. Probably why he was bribed handsomely to join.

But it’s gotta make you wonder. If Principe IS actually willfully facilitating perpetuation of fraud like this through his questionable banking networks, it’s like playing that basketball time skill game at the arcade to see how many hops you can get as the clock runs down, but instead of “points” it’s as if he’s shooting for additional months in prison with every throw. Lol

Very nice work tmfp, I wonder if COMPASS GLOBAL HOLDINGS PTY LTD, Australian Financial Services Licensee number 426810, is aware that their services are being used to route money to OneCoin in contravention of what looks very much like an international banking boycott.

And if they are, are the Australian Financial Services aware of it? Hmmm.

In addition to Herve Lacorne running Trade Solutions Group Inc., which offers a number of alternative financial services he is also a contributor to Chris Principe’s Financial IT magazine. Principe’s LinkedIn page lists his employment at Trade Solutions Group since 2014.

Now, websites registered to Mr. Lacorne are using alternative financial methods to funnel money to OneCoin.

I had previously looked at Mr. Principe’s involvement with OneCoin as an almost Ted Nuyten like shill. But the new information paints him and Mr. Lacorne in a far more facilitator type role. Finding banks for the unbankable. I can’t imagine that is a service one provides cheap.

papa1coin.com belongs to juha parhiala, the highest earner in onecoin and the site is marked ‘coming soon’.

we have heard rumors that to circumvent the problems onecoin has with banks, some top distributors will collect funds locally and route it to onecoin central accounts.

maybe this money transfer system set up by herve lacorne is going to be used for that?

i think this may have started as a payments solution for US onecoin investors, and other top affiliates worldwide started using it due to onecoin bank accounts being shut down one after the other with funds probably getting frozen in those accounts?

It’s designed for those of us who expect security and privacy; access and anonymity; For people who don’t want to be tracked, just left alone to do what they need to do…and for all of us who are sick of phony junk fees.

The UPN invention allows a subscriber to use their “phone number” as a single identifying number, to begin and complete communications and financial transactions, in real-time with complete security. UPN subscribers can conduct business with anyone in person, by phone, by email, over the internet using any web enabled device, or by any communications medium yet to be invented.

The only information disclosed to the receiving party is the UPN itself. So, if you send a payment, an email or text, whatever, the receiving party only sees your unique UPN; no bank account information, no social security number, etc.

@Aussie – So spill it! If you have been following these threads and comments for any time recently, you may be beginning to understand how articles and information are sourced here and accurate and well referenced News pieces are finally put out.

While Oz certainly does A LOT of his own investigation, as you can see, this thread alone demonstrates how such stories and sub-stories often break.

Following the initial report Oz puts out on the Who, What, When, Why & How on the binary side of the MLM company, follow-ups and new revelations are quite regularly CROWD-SOURCED. Additionally, without being able to point to SPECIFIC DOCUMENTABLE EVIDENCE, there would be no story. Ever.

And if you have been following recently, you know that the articles are based on solid FACTS.

Considering that, We urge you to continue going back in history on this site in regards to the Onecoin subject. You (and any other Onecoin members reading this) might be surprised at the astonishing accuracy of the topics and sub-topics written!

Whether you make it that far back or not, one thing should become extremely clear: Onecoin requires constant new infusion of new recruit money to pay off existing investors and perpetuate the game.

And they have used NUMEROUS deceptive and fraudulent practices to do so: shell companies, false media, zero transparency, criminal or Ponzi history and players, bald-faced lies, collapsed Ponzi Partnership acquisitions, denial of economic axioms, further moving the goal posts, common delay tactics and down-times, the infamous “coming soooon” claims, Money Laundering …..ad nauseum; to do so. In other words, you should KNOW beyond a shadow of a doubt by now that this company does not operate like legitimate companies. As such, either collapse or prosecution is undeniably eminent.

So, help us out would yah? Elaboration of these claims, even anonymously, would go a long way to saving a few more victims from massive financial losses. Thank you.

The rather amusing irony here is that Virchex is itself an MLM “opportunity” (maybe worthy of an Oz article in itself?).

It is marketed, rather hastily and incompletely by the looks of it, by ‘OLE123’ (aka Jonathan Sarmiento aka Jbsfiore) using Sebastian Greenwood’s favorite catchphrase “Sponsor two people and teach them to sponsor two people”.

If you drill down thru it you very quickly arrive at Genie Gateway, sleaze, Las Vegas and odious sounding people like Skala and Scamman (sic) etc. with which I am disinclined to spoil my Sunday by looking any deeper.

Not so much random affiliates now as they are insiders and accomplices in financial fraud.

Exactly. What we are seeing here is another fine example of what we were just recently hearing about in the claims denials of WCM777. Uplines and other wonderful individuals are soaking in the cash of victims in the name of the scam, who will disappear once regulators shut it down.

Hopefully there won’t be too many more people falling into the OneCoin hole at this point.

Did you notice the latest important update for all OneLife Members? Now you are all able to buy OneLife product gift codes DIRECTLY FROM THE OFFICIAL ONELIFE DISTRIBUTORS!

You will also be able to continue purchasing them through the shop in your back-end by using your cash accounts or OneCoin accounts. Contact your upline to find out who the nearest OneLife Distributor is!

We are committed to the direct sales approach and believe in building networks, trust and personal relationship – with this innovation all of our new members will be able to ask questions, receive more information about our products and become a part of the most powerful network in the world.

With more than 50.000 ranked distributors we wish all of you success on your life long path to education and a better future!

Nothing in the backend on this indeed, I have checked all menu items. It is not clear which “upline” must be contacted either, but we’ll find out soon.

Oz:
All funds are deposited with and paid out by OneCoin, making it a Ponzi scheme (using newly invested funds to pay off existing investors).

Yeah, well now I have seen that Onecoiners simply say that you should wait until 2018 when OneCoin becomes public.

Then, according to Onecoiners you are able to sell. For some reason they think, or want to imply, that there would be a huge public demand for the coin. Until the 2018, you are just suppose to invest and watch the coin value increase.

With the current speed the coins are created and even with the current 6.95€ price, the fake market-cap will be over 300 billion after 18 months. It increases about 15.2 billion euros per month and is at the moment about 39 billion euros.

I suspect OneCoin doesn’t want to show these numbers publicly at their website anymore, because it would seem too crazy especially in the eyes of government officials and authorities.

However you can count approximately the current coin count and fake market-cap by checking which block number is going in their fake blockchain. In every block in every minute, 50 000 new coins are shown to be created. Currently we are in a block about 72252 (increasing every minute).

So we can get the coin count by doing 72252 *50 000= 3.612 billion coins. But we have to add to that the coins Ruja created in the Genesis block in Bangkok, which was 1.986 billion coins. So we get total of about 5.6 billion coins at the moment.

The fake market-cap being at the moment about 39 billion euros.

Onecoin leaders talk about being a multi-trillion dollar company in 3 years, bigger than Apple, Walmart, Alibaba… 😀

Oz: Why would the public at large buy into over-inflated Ponzi points without the attached income opportunity?

*crickets chirping*

Their answer is: “Because our system is so unique, never done before”, or something similar network marketing BS.

Anyway, I found more data which implies the OneCoin blockchain is fake.

I’m analyzing the average transaction count between Sunday and Monday evening. On Monday the average transaction count should be clearly bigger. However it’s not the case.

2 hours and 120 block average taken from Sunday and Monday, shows that Sunday has more average transactions 9.9 vs 9.5, which doesn’t make any sense, because Xcoinx is closed on Sunday, and there should be clearly more coin transactions between users during the weekdays when Xcoinx is open.

I’ll increase the sample size to at least 12 hours just to be sure, but it looks clearly that the transactions are fake, and most likely there is no blockchain at all as many have suspected.

the process of paying for onecoin packages via moonlearning appears to be a cumbersome one which can take a few days.

FB, nov 18th:

ok some info for you Sir, Most of the time the fastest way to get a code it to contact your upline FIRST!!! The below payment methods can take time to process, this means if the split is very close you may miss out due to extended processing times.

This is now the only way to buy codes other than finding one from your upline! Please use this system !

The split is coming up super fast: Do your bank wires today for your packages.

The following Italy based website seems to be set up both to expose OneCoin (and the CoinSpace) scams, interestingly; as well as to help, data mine and provide some assistance to the victims.

truffacoin.com/one-coin-si-chiude

Positive rumour about the site suggests that it is a loose collective of tech geeks and so-called “white hats” who are providing data information anonymously (or pseudonymously) to various Law Enforcement/ Authorities, and as yet undetermined support groups.

If we – for the sake of argument – choose to believe that OneCoin blockchain is real, then we automatically know that there are only 10 transactions per minute.

We are supposed to have (according to Kari’s latest presentation in Münich) 2.3 MILLION active OneCoin accounts. And still only 14 400 transactions take place daily? (24 hours x 60 minutes x 10 transactions)

No wonder that OneCoin FB page is full of people complaining how their transactions are not getting through – apparently only 6 OneCoin owners out of 1 000 are actually buying coins! (And they do so with equal spread over the 24 hours of a day and 7 days of a week.)

Of course we can just simply accept the fact that there is no blockchain (and never has been) to make all this more sensible.

Hi all, i am not a Onecoin client, a friend of mine is, (actually my best friend).

We were together yesterday and he told me, that he also was extremely worried from the whole thing, and that he wont be spreading the word for Onecoin to anymore people, if things dont clear up, but they wired (onecoin i mesn), 150 euros in his bank account in Greece 2 days ago.

I am asking if this is just a trick to appear that all is ok, if it bears any merit and if its happening with others as well.

i would like an explanation as i promised him i will post in the forum for advice. he said he sold some coins and there were also some bonuses that he was supposed to collect, and also that it was his 1st bank wire that he received, up till now he was just being handed cash.

I dont know from these onecoin things, so i am waiting for any direction. Sincerely, thanks.

How do you know there are exactly 10 transactions per minute? Are they showing the “blockchain” somewhere in backend?

Yes there’s somekind of “blockchain”-view, been for a long time, but you can’t search it, and if you click a block number it doesn’t show the separate transactions for that block, but just “coming soon” -text etc.

Anyway, like I explained above, the average transaction count per minute (and per block) is about 10, not the exact count.

butter:
@WBF
Where did you get this raw data from? Can you upload it somewhere so we can check for any statistical anomalies?

I get the data from OneCoin BackOffice. I’ve collected so far 2 hours data from Sunday and 3 hours from Monday. My plan is to collect at least 12 hours from each day. But if you want to have a preliminary look I have put LibreOffice Calc file here:

mediafire.com/file/eya65rfxrf67avx/OC_block_transaction_count.ods

There’s also some url links included directly to some of the blocks so you can verify the results (using previous/next block links in block view), but you will need BackOffice login to access those.

Today they have introduced a new feature: all transactions are exactly 25,000 ONE. I don’t understand the idea behind this, in the past the values varied from less than zero to several hundreds ONE, which made more sense.

Tonight I will start with a systematic analysis of all data which are visible in the backend, including a check of the consistency between block info and transaction info.

MikeR:
Today they have introduced a new feature: all transactions are exactly 25,000 ONE. I don’t understand the idea behind this, in the past the values varied from less than zero to several hundreds ONE, which made more sense.

Wow, this literally happened couple of hours ago. I took a screenshot which I posted above (still pending in moderation) where it was like before.

Now it’s totally screwed up. All transactions show 25 000 ONE. Lol. In every block 50 000 new coins are still “mined” though.

Lol, I wouldn’t be surprised if they follow the discussion here about the average transaction count being same on weekend and weekdays, (which does not make sense since Xcoinx is closed on weekends) and some tool tweaked some wrong parameter in the fake blockchain generator, and now all transactions are 25 000. 😀

So in practise no other transaction are recorded than these single 25 000 coin transactions. No coin transfers between member up/downlines or Xcoinx coin transactions are recorded, because every transaction is 25 000 coins.

This is comedy GOLD and proof that Ruja the #KleptoQueen and Sebastian Greedwould never thought any of this through and have never had ANY idea about anything related to either cryptocurrency OR blockchain!!

So funny that even with all their claims of “you can’t see what’s in the box, it’s ‘closed source,'” this is coming back to bite them due to the company’s lack of any technical or cryptographic logic!

Poof, now it’s back to what it was earlier, meaning smaller transactions. I don’t know what glitch that was for couple of hours, or did they really tried to tweak the fake blockchain somehow which backfired.

i believe all currency is a made up value. so, i dont get why another system like a ponzi token making up value is different from my made up euros’ value. value is always relativity, yes?

To put this in its most simple form:

1.) What government on earth allows a private, unlicensed/ unregistered (as an MSB/ Money Transmitter) “COMPANY” to mint “currency” and sell it for government issued money? Seems like a conflict of interest perhaps?

2.) whereas cryptocurrency is decentralized/ distributed software run by a permissionless network of voluntary participants outside of any corporate structure, OneCon is *CENTRALIZED, which unequivocally defines itself as a “single point of failure” system and “trust network.”

*think: Napster, LimeWire, Kaaza – the Feds came in, “PULLED THE PLUG,” and those services were INSTANTLY GONE FOREVER.

The OneCULT “plug” is about to be pulled, one way or another, and …. it’s gone.

Interesting isn’t it that for a company that touts itself as being the most transparent company ever does so many things behind closed doors and not available to their members or the public. Hypocrisy at its best.

@OZ
i believe all currency is a made up value. so, i dont get why another system like a ponzi token making up value is different from my made up euros’ value. value is always relativity, yes? #96

All I know is that if I have 100 Euros…I can exchange it for the currency of my choice in minutes.

If I have 100 Euros worth of so called Onecoin…. I may never be able to exchange it for my currency and even if I could… it will and IS a very long process…. Not to mention that you cant even have Onecoin unless your a member of the fraudster group.

It is just AMAZING that Onecoin has continued on this long….. absolutely AMAZING.

oz: Meanwhile on the OneCoin Facebook pages, affiliate complaints regarding rejected and perpetually pending withdrawal requests appear as fast as the company can delete them.

lee oshea, onecoin recruiter from dubai [or thereabouts] has posted on FB that he managed to ‘buy’ a few onecoins on xcoinx:

Ok here you go guys girls. This is my first ever xcoinx transaction. Admittedly it took the second week but it just happened.

Just bought 53 onecoin

this led to a few hapless affiliates asking about ‘selling’ coins:

– what about selling .?

– What about it ? I am not selling coins i want to buy them.

– its buying. i am asking about seling many people facing issue in selling really want to knw about it

– As i tell everyone, this is a process and it will take some time to be running effectively. ?I have not sold coins so dont have any facts.

– Our focus is to mine and build up coins so that eventually they can be usable and comes into a global circulation.

– but for those who cant work on marketing and want to make money by selling it on its price… what about them ? bcoz everyone not marketer … and want to make money by investment and want to get the money when they need.

the response to this was:

lee oshea: You can sell a certain amount per day. Try put some coins on Sell order.

hello oshea, ‘selling’ is not happening so what kind of a response is that??

all in all, the conversation between top recruiting affiliates and those at the bottom went from ‘why do you want to sell coins the price is going to go boom Boom’ to ‘be patient and wait we are building a cryptocurrency’ to ‘the new exchange needs time to be functional’ to ‘get the hell off my FB page you hater’ to ‘i’m just going to delete your comments and be done with your embarrassing questions!’.

@anjali
I’ve recently been …counseling(?) a respected OC Team Leader who finally managed to “see the light” and psychologicaly defect, but is still pissed off as the truth continues to sink in and at this while xcoinx buffoonery.

This is a successful, well traveled and otherwise smart/ successful business man, btw! We’ve been talking for about 3 weeks (I was an obvious “hater” for the first 2).

Yesterday I began a discussion with him concerning the new payment information (ie., cash/ money laundering only) detailed in this thread; for which here are some snippets (just his side):

I Know! You Are 100% Right Big Dawg!! They Are Scam Artists!!

I Tried To Extract Money From That Exchange! NO DICE!!!

I’ve Been On Them To Take My So Called $330K in Cryptocurrency & Give Me My Money Back and They Give Me The Run Around!!

I Contacted Ed Ludbrook’s Office & He Ignored Me! They Have No Moral Integrity or Business Acumen!

The Top is Getting Paid!! It’s Obvious!!

Technical Support Doesn’t Even Answer Anymore!!

Yes! Here’s More Fuel For Your Truth Buddy! On The Exchange I Tried To Sell Only 10 OneCoin and It’s Not Approved! However I Turned Around and Bought 10 OneCoin and It Was Approved and Executed With No Problem!!

@Oz – a question I’ve been getting a lot lately from recent former Onecoiners is, “am I going to get in trouble if I report them considering that I’ve made some money in this already?” (BTW: Most of the ones whom have asked this HAVE brought on friends and family and seen genuinely ashamed). How does that work?

My question is that in the case of “clawback litigation” (particularly if the victim [but partial “winner”] is proactive in cooperating with authorities PRIOR to them being contacted [and has cooperative family they unwittingly brought in]), is there “considerations” for providing upline info and helping bring the case (eventuallly) to Prosecution?

If so, I want to state Case Study (ie., “incentive”) for cooperating and reporting NOW rather than when they get a knock at their door, as it were.

TimTayshun: My question is that in the case of “clawback litigation” (particularly if the victim [but partial “winner”] is proactive in cooperating with authorities PRIOR to them being contacted [and has cooperative family they unwittingly brought in]), is there “considerations” for providing upline info and helping bring the case (eventuallly) to Prosecution?

if a participant has made a small amount of money from the scheme in question, there may be no clawback action against them at all. for instance in zeek the threshold was $1000.

even where there is clawback, the net winners are given the opportunity to ‘settle’ the matter with the receiver in charge. these settlements are usually for much lesser than the total amount ‘won’. for instance in zeek it was around 50%.

it is entirely possible that a receiver may take a sympathetic view of a net winner who has inadvertently profited from the scheme and can show that s/he has voluntarily helped the prosecution.

we have no way of knowing for sure as these settlements are private, but when receivers can cut some slack for net winners who come forward to settle without litigation, or to those who are not in a good financial position, then we can assume that net winners who help the prosecution will also get favorable settlements.

Igor: I doubt it. That is how a normal exchange works. I think they need all the money they get at this point. They just gave him some OCS and kept the money. That is my guess.

We went through some of this in MuroBBS discussion and even with Occam’s Razor approach it is more likely that this sorry excuse of an exchange actually DOES move coins based on buy/sell orders.

But this is the trick: In order to buy coins, you need to have euros on your cash account. And you cannot (AFAIK) just step in, create account, load euros to your account and start buying OneCoins, there are only two ways to get money to that cash account:

1) Sell coins and actually have the sell order to succeed. (Very rare occasion and I’ll get to that later.)

Well you cannot have case 1) unless you have OneCoins. And if you HAVE OneCoins, you have already either bought the – ahem – “educational package” OR then recruited someone in and bought coins with the euros you got from 2).

Which leads us to the point that purchase orders can only be paid with the recruitment bonuses (10%+10%+10% of the money invested) that are paid to next three levels of upline from new recruitees (and of that sum, 60% will be cashed out by the upline as soon as they have the possibility so we are left with 4%+4%+4%=12% of the euros put in to the system that could ever return back to “investors” through selling coins.)

Meanwhile the imaginary value of coins that the “investors” are trying to sell (i.e. the summed up value of Ponzi-points) is already some 10-100 times the amount of money they invested. (This is no joke – the Ultimate Trader Package had promised overnight ROI of 10 000% with the coin price of the time.)

Considering the “value rise” of the coin so far (0.5€ -> 6.95€) and the doubling of coins in Bangkok I say we can rather safely estimate that the total (Ponzi points) value of coins owned by OneCoin investors is currently roughly 100 times the amount of money (actual euros) they have “invested” to the pyramid.

As said, the potential amount of money (again, euros in mandatory coin buy accounts) that could be used to buy coins is 12% of the money they have put in.

Hence there are 100 / 0.12 = 833 times as many coins being offered for sale as there is money in the system to buy the coins with the price OneCoin Ltd. has defined by themselves.

Is someone surprised that the “selling orders” are pending? 😀

Assuming the recruitment bonuses are still in the system and people started to sell their coins for 1/833 of the price, i.e. 0.12 euro CENTS each, all sales would succeed.

Let me be overly specific on this: The supply/demand value for OneCoin in the closed system is currently 0.0012€ / OneCoin AT BEST.

This amount of euros that can theoretically be drawn from the system if ALL the recruitment bonuses paid so far are still on the mandatory buying accounts, which they of course are not.

As the message is that buying orders go through immediately (see Tim’s comment #104 above), the mandatory buying accounts at current are more or less depleted and therefore the price of OneCoin when based on demand and supply is effectively 0 (so close to 0 it makes no sense to print the decimals).

…which is the base reason why virtually none of the selling orders get executed in xcoinx.

Otto: Well TBH: The other values, 1320.27536232 1318.82608696 2407.24637681 do not multiply to even number with 70. And according to OneCoin you cannot sell, buy or transfer non-integer amount of coins. So those transactions have to be fake.

Yes, you are right.

I was in a good mood and thought that 2 out of 6 transactions which MIGHT be plausible is not such a bad score for the dropouts who have built this facade 😉

Otto: And according to OneCoin you cannot sell, buy or transfer non-integer amount of coins. So those transactions have to be fake.

Yes, this is an important point to understand. All transactions within the up/downline or in the Xcoinx are full coins. Yet in the OneCoin’s “blockchain” view there’s extremely small amount of full coin transfers shown.

Oz and Tim:
Both of you guys have done some amazing work to expose this scam and warn people that are about to get duped.

Question:
Do you have an email or alert you send out with regular updates about one coin and it’s demise? I enjoy getting on behindmlm.com and will continue to! Wanted to see if you have other forms of updates to readers (twitter, perhaps?)

Bitcoin Association of Israel joins many others in warning against the Onecoin SCAM acusing it of not being transparent, as it claims, not being a cryptocurrency, and not having a blockchain; but using technical terminology for its vapor-ware to fool unsuspecting newbies in the space:

Apollo: Do you have an email or alert you send out with regular updates about one coin and it’s demise? I enjoy getting on behindmlm.com and will continue to! Wanted to see if you have other forms of updates to readers (twitter, perhaps?)

About the only thing you can do is check off the “notify me of followup comments via e-mail” box at the bottom of the page when you respond to a post. That will get you any new comments on that post.

Otherwise, you can subscribe to the feed via links at the top of the site.

I’ve also verified that if a member sends another member in his up/downline for example 2 onecoins, the transaction, exactly 2 onecoins will not show up in the transaction list even after waiting.

This is something anybody who owns coins can verify.

In my opinion a coin transfer between members should be logged in the blockchain. Why it’s not, is another question for Onecoinists.

I don’t remember seeing any other full coin transactions other than 25 000 and 50 000 coin transactions. All other transactions are with fractions, even though members can only buy/sell/transfer full coins.

Here is a tab-delimited file with all the transactions posted in 24h at onelife.eu/backend/mining/getLastTransactions

Link to file:

mega.nz/#!gN0FmIIS!IgoayeN7ZxIar6Ni8H2eJuyIhinagUJDPW9AJ_xHCdU

Preliminary findings:

– This blockchain is not running blocks in 1 minute intervals. In 24 hours, there were 544 transactions with the amount of 50000 OC, so the algorithm is spewing out a new block every 2.64 minutes on average.

– Most transactions appear to be from tokens converted to coins.

– There are no transactions with integer amounts to be connected to OC sales on the exchange.

– This blockchain is not running blocks in 1 minute intervals. In 24 hours, there were 544 transactions with the amount of 50000 OC, so the algorithm is spewing out a new block every 2.64 minutes on average.

I’m pretty sure this is not the case. That 50 000 coins transaction shown is probably something else than coins created in every block.

I calculated the actual block count in 24 hours, it was 1403 blocks. Meaning 1403 blocks in 1440 minutes, which means just a bit over a minute per block.

– There are no transactions with integer amounts to be connected to OC sales on the exchange.

Yeah, the “blockchain” transactions member to member transfers, or coins bought/sold in Xcoinx are NOT recorded.
I transfered 5 coins to other member, the transactions didn’t show anything even starting with 5 for many minutes until I gave up waiting.

corn:
– This blockchain is not running blocks in 1 minute intervals. In 24 hours, there were 544 transactions with the amount of 50000 OC, so the algorithm is spewing out a new block every 2.64 minutes on average.

Also I’m pretty sure that if there’s a block with only 1 transaction, that being the 50 000 coins created, it does not show in last transactions. So those what you see there are something else.

The last transactions view only covers 6 transactions which is really pathetic, and you can’t browse those.
Also when you click a block, it doesn’t show transactions for that block, only “coming soon”.
Seems everything is “coming soon” and shady what comes to OneCoin..

WhistleBlowerFin:
The last transactions view only covers 6 transactions which is really pathetic, and you can’t browse those.
Also when you click a block, it doesn’t show transactions for that block, only “coming soon”.

I use this procedure for my analysis of Blockchain and Transaction info:

a. Go to the “Mining page”:onelife.eu/backend/mining

b. Open the Developer tools with the F12 function key.

c. Click > Network > XHR.

d. Rows with mining pools and transaction data will become visible and refresh automatically every 4 seconds.

e. In the bottom-left panel, left-click on a row with transaction data.

f. In the bottom-right panel details of the last 6 transactions will be visible (the same data as via hyperlink onelife.eu/backend/mining/getLastTransactions).

g. Among these data is the “hash” which is a unique Transaction ID. Put this behind “onelife.eu/backend/blockchain/tx/” and you’ll get a direct hyperlink to a Transaction,
for instance: onelife.eu/backend/blockchain/tx/05c112d851dfde3d3fbb4ded680088b45b0ab9f4885107060817202e51d5a9b8

I am not disagreeing with you, but it seems the data shown under /LastTransactions (the last 6 of them) is out of sync with the data shown under /blockchain, at least as far as the 50 000 OC generation transactions are concerned.

Every 50 000 OC transaction from /LastTransactions can be matched to a 50 000 OC generation transaction (it has no inputs) under /blockchain.

See for example the transaction with hash ae564859ddfe8407c359bf3d294c91fdffc91e9fe711ae6c3ad9812777a7fc81: imgur.com/a/1nW3a

A script generates an random or calculated Date for coin Payout in the given timespan and saves all the data to the “Coinfactory”

|17623|7000|11.25.2016|100|12.12.2016|

A serverside script runs every minute searching the “coinfactory” for (Date Submitted <= Today or TriggerDate <= Today) either creating a encrypted printout for Token submitted to mining or for moving coins to the Member database and delete the not needed 7th printout and mined row to save space.

Mark:
How can one pretend to have a running Blockchain that’s not searchable?

Looking at how Mining works at onecoin, it seems fairly easy…

You describe a possible scenario, but currently it works completely different.

I submitted Tokens for mining 10 times in a row, this process too about 2.5 minutes. All 10 Transactions were IMMEDIATELY visible, both on the Tokens account and the Onecoin account, with EXACTLY the same transaction times in both accounts.

“Pools” information was visible on the Mining page. This info was generated in three blocks of about one minute, AFTER the transactions on the Token and Onecoin account. Hard proof that there is no mining process, only a facade.

This evening (GMT/UTC) I will publish the first of a series of articles on a new blogspot page with extensive analyses, screenshots and evidence.

As always: The OneCoin Difficulty Barometer™ for idiots, went to 100%, and Ruja pulled a new value from her handbag, which of course is not based on anything, and is not questioned by any member of the cult, because Dr. Ruja is the greatest financial genious ever!!1

And Ken Labine and other OneCoin idiots are rejoicing that they got even richer and people should join OneCoin now!!!1 😀 😀 😀

D. HA. Published on Saturday, November 26, 2016 at 7:44 – Updated Saturday, November 26, 2016 at 8:06

EXCLUSIVE
VARIOUS FACTS He became the promoter of a pseudo cryptocurrency that brought him big, but could send behind bars.

A new criminal complaint more damning has just be filed Friday in Brussels public prosecutor against the most maligned former MP of the country, Laurent Louis, for “pyramid selling, fraud, violation of the said law and banking law money laundering ” ; probably the first of many!

TT NOTE: the FSMA has already issued warning. The attorneys representing this case seem to be exploring a Class Action Suit. I’m digging more into this now! Will report back shortly!

MikeR:
This first article contains a thorough analysis of the “mining process” which imho does not exist

I’m genuinely surprised that they still use this nonsense statement:

The blockchain is based on a pre-programmed mathematical algorithm which allows for finite amount of solutions to occur – also called mining.

That was the base of the story already with “the previous blockchain”, and the finite amount of coins (2.1 billion in the old blockchain) was explained with this – i.e. there is a limited amount of coins as the number of possible outcomes for block hashes decreases until it reaches zero. Then all coins would be mined and mining would end.

Everyone who knows anything about how blockchain works should know that the process of mining is not required for creating the coins (e.g. Storjcoin), nor will the mining end once the pre-set amount of coins is reached.

Once again this abomination of cryptocurrency terms only exists to make sure whoever invests to this “magnificent opportunity” is as clueless as possible about cryptocurrencies as a whole.

If this hilarious statement was correct, the OneCoin blockchain would actually freeze after the last coin has been mined, meaning that no transactions with the OneCoins would be possible after that.

(But I’m sure they would just launch a new blockchain and move all coins there like they already once did.)

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